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LIBF Vocabulary
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Delimiter between question and answer:

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  • No column headers.
  • Each line maps to a question.
  • If the delimiter is used in a question, the question should be surrounded by double quotes: "My, question","My, answer"
  • The first answer in the multiple choice question must be the correct answer.






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Inflation increases what? and decreases what?
Increases the cost of living and decreases the value of our money
Give the two types of mortgages
Fixed and Variable rate
This type of account says that you must give notice to take your money out
Notice account
Give the name of the type of borrowing use in order to buy a house
Mortgage
Netflix, popcorn and snacks are an example of this type of expenditure
Discretionary
Money built up in order to achieve a goal / or purchase
Savings
These words describe the 'basket of goods' costs for the average person in the UK
Consumer Price Index
A savings account that allows you to save (approx) up to £20,000 before paying tax
ISAs
This word describes the consequence of not paying mortgage payments
Repossession
The person asking for money which will be repaid back is known as the ...
Borrower
Unpaid money that is owed to a lender or provider is called...
Debt
I am a form of borrowing that uses AER as the interest
Overdraft
The word used to describe the increase in the cost of living
Inflation
If I have money left over after paying all my expenses I have a ..... of cash
Surplus
I don't enough money in my bank account therefore I have a ..... flow issues
Cash
Extra income earned when saving
Interest
What we earn from our jobs, a salary, a wage. This is all called...?
Income
If I am in this bracket I will pay the highest amount of tax on my income and savings
Additional tax bracket
Car Insurance is an example of this kind of expenditure
Mandatory
I am something that we create to manage money in and out of a household
Budget
I am something you take out to protect against damage
Insurance